Property Details

PetSmart

Lynchburg, VA
Property ID: 14492

    Financial Summary

    Asking Price $3,900,000
    Cap Rate 7.00%
    Net Operating Income (NOI) $274,234
    Lease Type NNN
    Lease Term Remaining 11 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    David Maling
    Principal
    213.618.3825
    Christopher E. Maling
    Principal - Retail Capital Markets
    213.618.3824

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    Highlights

    • PetSmart “deemed essential business” during Covid-19
    • Wards Crossing is the most dominant shopping center in Lynchburg
    • Surrounded by national credit retailers: Target, Dick’s Sporting Goods, Bed Bath & Beyond, Best Buy, and Barnes & Noble
    • Close proximity to Liberty University and other colleges
    • 10.5 years remaining on lease plus options
    • Absolute NNN lease with zero landlord expense

    Location

    4026-B Ward Road
    Lynchburg, VA

    Amanda WillisPetSmart